Accounting Technicians Scheme (ICAN ATS P1)

Basic accounting principles and concepts

Recording financial transactions using double-entry system

Preparation of financial statements (income statement, balance sheet, and cash flow statement)

Understanding financial reporting standards

Preparation of financial statements for different entities

Interpretation and analysis of financial statements

Cost concepts and classification

Cost accounting systems and costing methods

Cost-volume-profit analysis and break-even analysis

Budgeting process and techniques

Variance analysis and performance measurement

Standard costing and variance reporting

Overview of Nigerian tax system

Computation of personal income tax and corporate income tax

Value-added tax (VAT) and other indirect taxes

Legal framework for business operations

Contract law and commercial transactions

Company law and corporate governance